Being an independent regulator

by None

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Title Statements

Full title :Being an independent regulator.

Summary

Regulators operate in a complex environment at the interface among public authorities, the private sector and end-users. As "referees" of the markets that provide water, energy, transport, communications, and financial services to citizens, they must balance competing wants and needs from different actors. This means that they must behave and act objectively, impartially, and consistently, without conflict of interest, bias or undue influence - in other words, independently. What distinguishes an independent regulator is not simply institutional design. Independence is also about finding the right balance between the appropriate and undue influence that can be exercised through the regulators' daily interactions with ministries, regulated industries and end-users. This report identifies the critical points where undue influence can be exercised at different moments in the life of a regulator and discusses some of the avenues for developing a culture of independence, including through interactions with stakeholders, staffing and financing

Edition Statements

Publication Date:2016

Publication Statements

Publisher(s):OECD Publications
Place of Publication:Paris
Language:eng
Publication Date:2016

The Physical Object

Description:1 online resource (90 pages) : : color illustrations

Edition Identifiers

ISBN:9264255400, 9789264255401
oclc:ocn953928550
LC Classification:JF1351
Dewey Decimal:350

Foreword and acknowledgements -- Acronyms and abbreviations -- Executive summary -- The why and the how of being an independent regulator -- Why does independence matter? The view from the literature -- How does independence work in practice? Key trends and evidence -- Key bibliographical references.